Phnom Penh (FN), Sep. 2 – The US has been a strong advanced economy since COVID19, but the IMF expects growth to slow in 2025 due to weaker job growth and tighter fiscal policy.

In Europe, GDP growth is expected to hit its lowest in 2024 and improve in 2025, with Germany struggling due to a weak manufacturing sector.

India's GDP growth for 2024 is revised up to 7.0%, driven by rising domestic consumption.

China's GDP growth is projected to slow to 4.5% in 2025 and 3.3% by 2029, a sharp decline from the 6-10% range of the 2010s. This slowdown is largely due to an aging population, a challenge faced by many countries globally.

This article was originally published on Voronoiapp.
=FRESH NEWS